Add Liquidity to FRGX and Get Passive Income
How Do Liquidity Pools Work
A liquidity pool is a combination of digital assets stored to allow trading on a decentralized exchange (DEX). They are formed when users lock their cryptocurrencies into smart contracts, allowing others to use them for trading. Without liquidity, crypto traders would have to wait for a suitable offer to execute their orders. By then, the price of the asset may have changed.
How to Earn by Providing Liquidity
You can make money by providing liquidity to a pool. Liquidity pool staking involves depositing or locking your digital assets in a pool to earn rewards. When you add liquidity to a pool, you are essentially lending your tokens to the exchange. In return, you earn a share of the trading fees generated by the pool.
You can add liquidity to FRGX/BNB pair on PancakeSwap. This is a great way to earn passive income and support the FRGX community.
How to Add Liquidity to a FRGX/BNB Pool on PancakeSwap Exchange
Go to → PancakeSwap website.
Click the "Liquidity" tab → V2.
Click "Find Other LP tokens" → Select tokens → FRGX.
Click "Add liquidity".
Enter the amount of BNB and FRGX you want to add to the pool.
The amount of FRGX and BNB must be equal in dollar equivalent.
Click "Enable FRGX" → "Confirm".
Approve transaction → "Add" → "Confirm Supply".
You're all set! Now you have a stake in the liquidity pool. As long as your tokens and cryptocurrency are locked in the pool, you can earn passive income. A portion of the platform's commission will be transferred to you. The longer you leave your stake in the pool, the more you can earn.
You can withdraw funds from the pool at any time. For this operation, as well as for the initial staking, the commission of the exchange is charged.
Support the FRGX community and discover an extra source of income!
Links
Provide liquidity on Pancake Swap
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